MOTHERSON exhibits a well-defined and technically strong cup-and-handle pattern, confirming a bullish trend continuation signal.
The breakout was clean and heavily volume-supported, and the retest appears to be holding—a key zone to observe for buyers.
Monitor volume and price action closely: a bounce from current support may signal next leg up, while a failure may invalidate the pattern.
Ideal entry points would be above the breakout neckline—with stop-loss below the handle and targets based on cup depth.
This analysis is provided purely for educational and informational purposes, based on public technical references. It should not be construed as financial advice. Please consult a licensed financial advisor before making any trading or investment decisions.
The breakout was clean and heavily volume-supported, and the retest appears to be holding—a key zone to observe for buyers.
Monitor volume and price action closely: a bounce from current support may signal next leg up, while a failure may invalidate the pattern.
Ideal entry points would be above the breakout neckline—with stop-loss below the handle and targets based on cup depth.
This analysis is provided purely for educational and informational purposes, based on public technical references. It should not be construed as financial advice. Please consult a licensed financial advisor before making any trading or investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.